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Patrick S. Miles

Chairman and Chief Executive Officer at Alphatec Holdings
Board
Since March 2018
Age
59 years
Education
Earned a B.S. degree in Finance from Mercer University.
Tenure
Joined ATEC as Executive Chairman in October 2017 and advanced to Chairman and Chief Executive Officer in March 2018.

Also at Alphatec Holdings

AS
Ali Shorooghi
Senior Vice President, Marketing
CEH
Craig E. Hunsaker
Executive Vice President, People & Culture
DPS
David P. Sponsel
Executive Vice President, Sales

About

Patrick S. Miles is a seasoned executive in the orthopedic and medical device industry, currently 59 years old. He has built a strong foundation with over 30 years of experience, holding key roles in companies such as NuVasive, Medtronic Sofamor Danek, and Smith & Nephew.

He earned a B.S. degree in Finance from Mercer University and has effectively leveraged his expertise in marketing, strategic planning, and product development throughout his career. His diverse roles prior to joining ATEC underscore a deep commitment to advancing medical technology and orthopedic care.

Since joining ATEC as Executive Chairman in October 2017 and being promoted to Chairman and Chief Executive Officer in March 2018 , he has been pivotal in guiding the company’s strategic direction and operational growth. His leadership is marked by a focus on innovation and excellence in spine surgery technology, contributing significantly to the company’s evolving success.

$ATEC Performance Under Patrick S. Miles

Past Roles

OrganizationRoleDate RangeDetails
Alphatec Holdings, Inc. (ATEC)Executive ChairmanOct 2017 - Mar 2018Former role prior to current CEO position
NuVasive, Inc.Vice ChairmanSep 2016 - Sep 2017Enhanced strategic plans for future spine surgery and technology development
NuVasive, Inc.Board MemberAug 2015 - Sep 2017Served on the Board until resignation
NuVasive, Inc.President and Chief Operating OfficerFeb 2015 - Aug 2016
NuVasive, Inc.President of Global Products and ServicesOct 2011 - Jan 2015
NuVasive, Inc.President of the AmericasJan 2010 - Sep 2011
NuVasive, Inc.Executive Vice President of Product Marketing and DevelopmentJan 2007 - Dec 2009
NuVasive, Inc.Senior Vice President of MarketingDec 2004 - Jan 2007
NuVasive, Inc.Vice President, MarketingJan 2001 - Dec 2004
ORATEC Interventions, Inc.Director of MarketingN/AMarketing leadership role in medical devices
Medtronic Sofamor DanekDirector of Marketing for Minimally Invasive Systems and Cervical Spine SystemsN/AFocused on minimally invasive and cervical spine systems
Smith & NephewMultiple positionsN/AHeld several positions; specifics not provided

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$756,577 AnnuallyBase salary for 2024
RSUs$1,257,174 for 81,794 units N/ANon-performance RSUs granted in 2024
Non-Equity Incentive Plan Compensation$400,000 Annually50% paid in cash and 50% in RSUs
All Other Compensation$36,442 AnnuallyIncludes health benefits, disability insurance, and 401(k) matching

Performance Compensation

Data from  FY 2024

Performance RSUs

MetricDetail
Performance MetricGlobal Revenue Growth
Threshold≤ 20% YoY global revenue growth results in 0% earned
Target25% YoY global revenue growth yields 100% earned
Maximum≥ 35% YoY global revenue growth yields 250% earned
MethodLinear interpolation between thresholds
Target Units245,381 PRSUs
Maximum Units613,453 PRSUs
Grant DateFebruary 21, 2024
Grant Date Fair Value$3,771,506
Vesting Schedule1/3 vest on each anniversary: Feb 21, 2025, Feb 21, 2026, Feb 21, 2027
ConditionsVesting contingent upon continued service
SettlementIssuance of common stock upon vesting